![]() ![]() What puzzles me the most is the fact that, regardless the point I choose to break the series, I always get I know how to run the test, but I have't been able to figure out how to interpret the results, and decide whether there is a structural break or not. I've been reading and searching all over the internet and books and I've found that the test most people use to identify these structural changes is the Chow Test. However, now I need to identify structural breaks in one of these countries. I have to separate the trend and the stochastic element in it for each country.Īnd then running a AR(1) on the residuals // for each country. I have this little problem and I would appreciate some help.Īs part of my master thesis, I have to identify a trend in a univariate (GDP) time series for different countries.
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